By Katryna Perera (November 2, 2021, 6:21 PM EDT) — TD Bank has agreed to pay $4.25 million to settle a class-action suit brought against it by a consumer who alleged the bank was charging excessive overdraft fees on its customers’ accounts.
A motion for preliminary approval of the settlement was filed in Florida federal court Monday by plaintiff Jill Abercrombie.
According to the motion, the $4.25 million settlement fund — representing a recovery of 33% of the maximum damages that the plaintiff argued were at issue — will be inclusive of all attorneys fees and expenses, administration and notice costs, and any service awards approved by the court.
The funds…
Source: law360.com
